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Businesses For Sale > Business For Sale in Hertfordshire, UNITED KINGDOM - UK (UK)

AN044-Hertfordshire-£100,000-Jeweller Expert bespoke capabilities for sale in Hertfordshire, UK

Hertfordshire, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 100,000 £ 157,000 £ 35,000

Business Summary:
High Street JewellerExpert bespoke capabilitiesWell located in busy town centreRef. AN044Location : HertfordshireAsking Price : £100,000 +SAVExtremely well established high street jewellery shop, owned by the present Vendor since founding it in 1974. The business is in a prime high street location, being one of the main thouroughfares into this busy and popular South Hertfordshire Town and well positioned among other popular retailers with established clientele. The close proximity to North West London and other dense residential areas provides an excellent and willing customer base.This business is a modern, independent retail jeweller synonymous with friendly and professional service, merchandising exquisite jewellery pieces selected for their beauty, quality and value for money.The shop offers a wide range of merchandise including diamond and gem set jewellery, wedding rings, gold jewellery, watches, sterling silver jewellery, costume jewellery and giftware, all presented in very ‘clean’, upmarket, understated display cabinets; a popular and consistent aspect of trading is the design and manufacture of bespoke items. Turnover from the sale of retail jewellery accounts for 50% along with the buying and selling of vintage and pre-owned jewellery; and the other 50% comes from repairs and servicing.As well as retail, the business has an excellent reputation for quality repairs and the re-modelling of jewellery, offering very cost effective, modern methods of manufacture and repair, via extensive industry contacts built up over many years of trading within the sector.Where the Business really stands out from its competition, however, is through the very high levels of personal service offered by its staff. All staff understand the importance of the jewellery buying experience to the customer and are on hand to offer advice and answer questions, particularly in relation to repairs and re-modelling and the buying and selling of pre-owned items and it is upon these very high levels of customer service, the Business has built an extensive and loyal customer base.This opportunity is an ideal business for anyone looking to engage with the High Added-Value jewellery sector or for someone already in the sector looking for a strongly performing, additional outlet to bolt on to their existing business activities.

 

   
Year Business was Established: 1974
   
Number of Employees: 02FT/02PT  
   
Facilities / Terms of Lease: The premises are leasehold, the current lease ends in January 2019 and a new lease is available. The square footage is circa 700 sq. ft and includes a shop floor, stock room and office area on 3 floors, with cellar. The annual rent & rates is circa £37,500.  
   
Potential Growth/Expansion: The business has grown organically and with further marketing for both the shop and the website, a new owner could build on the existing, excellent customer base. In addition to this a new owner could open the shop for longer hours or bring new ideas for new product ranges to the customer base.  
   
Competition: The business has free listings in local publications and their online versions.  
   
Owner willing to train: The vendors would be happy to stay and hand-over and are happy to provide training for an agreed handover period.  
   
Reason for selling: Genuine retirement sale.  
   
Seller Reference Number: AN044
BusinessMart.com Listing Number: 234566
 

 

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For more info contact:

Andrew Hudson

Turner Butler
01895 25 6000

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